Industry
Old Mutual reveals managed separation price
Old Mutual Wealth (OMW) has revealed its float price and expected market capitalisation following its managed separation from its parent Old Mutual
Fraudster ordered to hand over inheritance to pay fine
A UK man who was jailed for seven-years for defrauding investors out of £21m (€23.9m, $28.1m) has had an inheritance he received from his mother’s estate confiscated by the Financial Conduct Authority (FCA).
400 advisers in limbo as major Australian IFA shuts its doors
Dover Financial, one of Australia’s largest financial advice firms, has announced it will be closing its business in July amid an ongoing investigation by the country’s corporate watchdog.
DeVere opens in Rome, announces European expansion
DeVere has opened its second office in Italy and is planning to expand its existing bases in France, Spain and Switzerland in just a matter of months, the group has confirmed.
STM pledges ‘action’ in wake of compliance probe
STM Group’s Gibraltar based companies have pledged to strengthen oversight and sharpen procedures in the wake of a long awaited special investigation into their practices.